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2020-08-31-accounts

– ASSET Annual Report September 2019 August 2020

BACKGROUND INFORMATION

ASSET is the ‘Adrian Sudbury Schools’ Education Trust’.

Adrian Sudbury was a 27 year old journalist who died of Leukaemia. He lived in Nottinghamshire.

Adrian’s dying wish was that every 16 – 18 year old could be taught the facts about blood, stem cell and organ donation. Students are then able to make informed choices about donation.

Adrian had a successful campaign that went all the way to 10 Downing Street. He had time with the then Prime Minister who was so supportive of Adrian’s wish, that when Adrian died, provided some initial funding to start our Education Programme called Register and Be a Lifesaver (R&Be)

ASSET now runs the R&Be Education Programme in Schools, Academies and Colleges throughout the country.

ASSET works in partnership with NHS Blood and Transplant. In addition, ASSET will run a recruitment event in some schools after an R&Be presentation to allow students who decide, after a suitable period of reflection, to register as potential stem cell/bone marrow donors with the Anthony Nolan stem cell Register. We are now recruitment partners with Anthony Nolan

Covid 19

The pandemic had a serious effect on the awareness raising work that we do with schools and the outcomes that we achieve. All live volunteer presentations to students and any follow up recruitment sessions stopped with the first lockdown in March 2020.

HOW MANY PEOPLE DO WE REACH?

ASSET has 27 trained Volunteers. Our trained Presenter Volunteers give inspirational awareness raising R&Be Presentations in Schools, Academies and Colleges. Our trained Recruitment Volunteers recruit Students to join the UK Stem Cell register at well organised recruitment events in School establishments. Some of our Volunteers do both.

This Academic School year 2019/2020, ASSET has been into 105 Schools, Academies and Colleges. We have spoken to 9710 Students at 123 Presentations. School Staff are always present at each of our Presentations so over 200 adults have also had their awareness raised about donation.

We held 32 Stem Cell Recruitment events. The majority of these span the school lunch period so that our activity does not take up any Curriculum time.

The annual Volunteer Training Day was held in September 2019.

We run an awards scheme for both Volunteer Presenters and Volunteer Recruiters.

WHAT SORT OF IMPACT DO WE HAVE?

As a result of our R&Be Presentations to 16 – 18 year olds during the Academic School Year 2019/2020:-

1862 Students joined the UK Stem Cell register

380 Students joined the NHS Blood and Transplant Organ Register

647 Students enrolled to become first time Blood donors

In addition, 35 students, who previously registered as potential stem cell donors after an R&Be presentation, were found to be a match for patients and donated their stem cells.

ASSET is represented on the NHS Blood and Transplant Blood Forum, NHS Blood and Transplant Organ Forum and the NHS Blood and Transplant Education Forum.

There were a number of significant achievements this year.

ASSET was featured in a BBC TV programme and the Radio 4 Today programme about the Law change surrounding Organ donation on May 20[th] 2020

ASSET was nominated and awarded ‘Recruiters of the Year’ at the annual Anthony Nolan Awards ceremony.

The Register & Be a Lifesaver Education Programme has existed since 2009. In total during the time 2009 – 31 August 2020;

28821 Students have joined the UK Stem Cell register

8557 Students have joined the NHS Blood and Transplant Organ Register

15682 Students have enrolled to become first time Blood Donors

191 Students have donated stem cells potentially saving 191 lives.

HOW MUCH DO WE SPEND DOING THAT?

ASSET costs around £6000 annually

No one is paid a salary and there are no premises costs. Every activity is run by trained Volunteers.

ASSET depends on donations and grants to continue our life saving work. This year we received a total of £14551 in the following ways.

Dedicated fund raising produced £8756

Schools donated £1629

Collection pots raised £166

Anthony Nolan Grant £4000

TRUSTEE REAPPOINMENT

Stephen Berger was reappointed as Trustee for a further 3 years. (August 2022)

Signed on behalf of the board

Keith Sudbury

Trustee

31 August 2020

The Adrian Sudbury Schools Education Trust ("ASSET")

Charity No. 1174598

Company No.

Trustees' Report and Unaudited Accounts

31 August 2020

The Adrian Sudbury Schools Education Trust ("ASSET") Contents

Pages
Trustees' Annual Report 1
Independent Examiner's Report 2
Statement of Financial Activities 3
Summary Income and Expenditure Account 4
Balance Sheet 5
Statement of Cash flows 6
Notes to the Accounts 7
Detailed Statement of Financial Activities 8

Page 1

The Adrian Sudbury Schools Education Trust ("ASSET") Independent Examiners Report

Independent Examiner's Report to the trustees of The Adrian Sudbury Schools Education Trust ("ASSET")

I report to the charity trustees on my examination of the accounts of The Adrian Sudbury Schools Education Trust ("ASSET") for the year ended 31 August 2020 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Adam Claydon FMAAT Claydon Accountancy Ltd 34 Victoria Road Barnsley

S70 2BU 31 August 2020

Page 2

The Adrian Sudbury Schools Education Trust ("ASSET") Statement of Financial Activities

for the year ended 31 August 2020

Notes
Income and endowments
from:
Donations and legacies
4
Other
5
Total
Expenditure on:
Other
6
Total
Net gains on investments
Net income
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2020
£
10,462
4,000		 Total funds
2020
£
10,462
4,000		 Total funds
2019
£
6,660
3,000
14,462
6,835		 14,462
6,835		 9,660
5,354
6,835
-		 6,835
-		 5,354
-
7,627
-		 7,627
-		 4,306
-
7,627 7,627 4,306
7,627
9,284		 7,627
9,284		 4,306
4,978
16,911 16,911 9,284

Page 3

The Adrian Sudbury Schools Education Trust ("ASSET") Summary Income and Expenditure Account

for the year ended 31 August 2020

Income
Gross income for the year
Expenditure
Total expenditure for the year
Net income before tax for the year
Net income for the year		 2020
£
14,462
14,462
6,835
6,835
7,627
7,627		 2019
£
9,660
9,660
5,354
5,354
4,306
4,306

Page 4

The Adrian Sudbury Schools Education Trust ("ASSET") Balance Sheet

at 31 August 2020

at 31 August 2020
Company No.
Notes
2020
£
Current assets
Cash at bank and in hand
16,911
16,911
Net current assets
16,911
Total assets less current liabilities
16,911
Net assets excluding pension asset or liability
16,911
Total net assets
16,911
The funds of the charity
Restricted funds
9
Unrestricted funds
9
General funds
16,911
16,911
Reserves
9
Total funds
16,911		 2019
£
9,284
9,284
9,284
9,284
9,284
9,284
9,284
9,284
9,284

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 August 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 31 August 2020

And signed on its behalf by:

K. Sudbury Trustee 31 August 2020

Page 5

The Adrian Sudbury Schools Education Trust ("ASSET") Statement of Cash flows

for the year ended 31 August 2020

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Dividends, interest and rents from investments
Net cash provided by operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2020
£
7,627
(4,000)
3,627
4,000
4,000
-
7,627
9,284
16,911
16,911
16,911		 2019
£
4,306
(3,000)
1,306
3,000
3,000
-
4,306
4,978
9,284
9,284
9,284

Page 6

The Adrian Sudbury Schools Education Trust ("ASSET") Notes to the Accounts

for the year ended 31 August 2020

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 7

The Adrian Sudbury Schools Education Trust ("ASSET") Notes to the Accounts

Expenditure

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 8

The Adrian Sudbury Schools Education Trust ("ASSET") Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 9

The Adrian Sudbury Schools Education Trust ("ASSET") Notes to the Accounts

3 Statement of Financial Activities - prior year

3
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Other
Total
Expenditure on:
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2019
£
6,660
3,000
9,660
5,354
5,354
4,306
4,306
4,306
4,978
9,284		 Total funds
2019
£
6,660
3,000
9,660
5,354
5,354
4,306
4,306
4,306
4,978
9,284

4 Income from donations and legacies

5 Other income

Unrestricted
£
10,462
10,462
Unrestricted
£
4,000
4,000		 Total
2020
£
10,462
10,462
Total
2020
£
4,000
4,000		 Total
2019
£
6,660
6,660
Total
2019
£
3,000
3,000

Page 10

The Adrian Sudbury Schools Education Trust ("ASSET") Notes to the Accounts

6 Other expenditure

Motor and travel costs
General administrative costs
7
Trustee remuneration and expenses
Number of trustees paid expenses
8
Staff costs
No employee received emoluments in excess
9
Movement in funds
Restricted funds:
Unrestricted funds:
General funds
Revaluation Reserves:
Total funds
10 Analysis of net assets between funds
Net current assets		 of £60,000.
At 1
September
2019
9,284
9,284		 Unrestricted
£
1,899
4,136
800
6,835
2020
Number
-
Incoming
resources
(including
other
gains/losses
)
£
14,462
14,462		 Total
2020
£
1,899
4,136
800
6,835
Resources
expended
£
(6,835)
(6,835)
Restricted
funds
£
16,911
16,911		 Total
2019
£
-
4,017
1,337
5,354
2019
Number
3
At 31
August
2020
£
16,911
16,911
Total
£
16,911
16,911

Page 11

The Adrian Sudbury Schools Education Trust ("ASSET") Notes to the Accounts

11 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1
September
2019
£		 Cash flows
£		 At 31
August
2020
£
9,284 7,627 16,911
9,284
9,284		 7,627
7,627		 16,911
16,911

12 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 12

The Adrian Sudbury Schools Education Trust ("ASSET") Detailed Statement of Financial Activities

for the year ended 31 August 2020

Income and endowments from:
Donations and legacies
Other
Total income and endowments
Expenditure on:
Other expenditure
Motor and travel costs
Travel and subsistence
General administrative costs,
including depreciation and
amortisation
Equipment expensed
General insurances
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:		 Unrestricted
funds
2020
£
10,462
10,462
4,000
4,000
14,462
1,899
1,899
4,136
4,136
311
139
24
-
50
216
60
800
6,835
6,835
-
7,627
7,627
-
7,627		 Total funds
2020
£
10,462
10,462
4,000
4,000
14,462
1,899
1,899
4,136
4,136
311
139
24
-
50
216
60
800
6,835
6,835
-
7,627
7,627
-
7,627		 Total funds
2019
£
6,660
6,660
3,000
3,000
9,660
-
-
4,017
4,017
141
139
7
703
42
-
305
1,337
5,354
5,354
-
4,306
4,306
-
4,306

Page 13

The Adrian Sudbury Schools Education Trust ("ASSET") Detailed Statement of Financial Activities

The Adrian Sudbury Schools Education Trust ("ASSET")
Detailed Statement of Financial Activities
Total funds brought forward
Total funds carried forward		 9,284
16,911		 9,284
16,911		 4,978
9,284

Page 14 

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keith.sudbury@asset.uk.com

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KEITH ALAN SUDBURY

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